Global semiconductor company picks Arizona for $12B factory
PHOENIX – A global semiconductor company has selected Arizona as home for a new high-tech factory, picking the Grand Canyon State for the coveted $12 billion project after a national search.
Taiwan Semiconductor Manufacturing Company’s decision to build a production facility at a site to be determined in Phoenix was lauded Thursday night by state and national officials.
“The TSMC deal is a game changer for the U.S. semiconductor industry that will bolster American national security and our economic prosperity,” U.S. Secretary of State Mike Pompeo said in a statement.
The project will create about 1,600 tech jobs and generate thousands more in the state for suppliers and other companies in the semiconductor industry, according to the Arizona governor’s office.
HUGE NEWS FOR AZ❗
The world’s largest semiconductor manufacturer chose ARIZONA to build its new $12 BILLION advanced manufacturing factory. This is a project with global significance. Thank you @TWSemicon @realDonaldTrump @CommerceGov @SecretaryRoss @SelectUSA and @azcommerce!
— Doug Ducey (@dougducey) May 15, 2020
“TSMC could have picked any place in the world to build this advanced manufacturing factory,” Gov. Doug Ducey said in a press release.
“They chose Arizona for our unbeatable business climate, already thriving tech sector and ready access to an international supply chain.”
Construction on the company’s second U.S. manufacturing facility is scheduled to start in 2021, and it should be operating by 2024.
“TSMC’s plan to build a $12 billion semiconductor facility in Arizona is yet another indication that President [Donald] Trump’s policy agenda has led to a renaissance in American manufacturing and made the United States the most attractive place in the world to invest,” U.S. Secretary of Commerce Wilbur Ross said in a press release.
“This plan is the result of years of close collaboration among TSMC, the governor of Arizona and his staff, and the administration.”
TSMC, which is headquartered in Hsinchu, Taiwan, has operations in Asia, Europe and North America.